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Ethanol Tax Breaks Benefit Bill Sponsors
By Mr Ethanol | May 5, 2008
News-Leader.com:
Some of the legislators who sponsored the 1999 law authorizing tax credits for farmers who invest in agricultural cooperatives were among the first to receive the tax breaks once the program kicked in.
The lead sponsor of the legislation was Rep. Sam Leake, D-Center, who also was among the investors in Missouri’s first ethanol plant.
According to records from the Department of Agriculture, Leake received $3,651 in February 2000 for investing in Northeast Missouri Grain Processors, which began producing ethanol at a plant near Macon three months later.
Leake, the House Agriculture Committee chairman, resigned from the House in May 2000 after being confirmed to an appointment on the State Tax Commission. He received additional tax credits for the plant in 2002. Full article.
Topics: Ethanol, Positives, Tax |
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